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Tiens Biotech Group (USA) Reports Record Twelve-Month Results
Date:3/31/2009

e 10,904,842 -- Total current assets 106,554,754 90,049,458 PROPERTY, PLANT AND EQUIPMENT, net 10,274,643 16,071,900 OTHER ASSETS: Construction in progress 72,300,104 39,792,774 Construction deposits 2,586,302 1,089,216 Intangible assets, net 13,137,195 9,246,879 Other assets 87,541 5,301,847 Total other assets 88,111,142 55,430,716 Total assets $204,940,539 $161,552,074 TIENS BIOTECH GROUP (USA), INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2008 AND 2007 LIABILITIES AND SHARE HOLDERS' EQUITY 2007 As Adjusted 2008 (Note 1) CURRENT LIABILITIES: Accounts payable $6,283,849 $4,070,906 Advances from customers - related parties 3,239,650 1,700,838 Wages and benefits payable 1,449,146 1,250,685 Other taxes payable 117,818 536,819 Income taxes payable -- 665,726 Contractor deposits 163,248 595,128 Contractor payables 11,871,456 7,820,285 Other payables 1,933,743 1,133,539 Other payables - related parties 6,373,900 7,938,205 Dividend payable to minority interest -- 4,902,629 Current portion of long term debt, r
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SOURCE Tiens Biotech Group (USA), Inc.
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